Column: Truth behind wage gap for men, women

For the purposes of this column, let us assume that businesses attempt to maximize their profits. Also for the purpose of this column, let us recount President Barack Obama’s claim that women earn only 77 cents for every dollar earned by men.

Along with a nice dose of high-minded outrage, he argues this must be remedied by legislation.

This leaves us asking the obvious question: If corporations could increase their profits significantly by firing men and hiring women, would they not? Even supposing the extreme assertion that corporations exist to reinforce white male privilege, couldn’t we expect IBM, Yahoo, ADM or the host of other companies with female CEOs to have tried this method? The answer is that yes, they would.

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